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Cambridge Analytica starts bankruptcy proceedings in US

Credit: BBC News- Published on May 18, 2018
The firm at the centre of the Facebook data row has filed legal papers that will see it wound up.
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Credit: Wochit Business
Published on May 18, 2018 -  00:40
Cambridge Analytica Files For Bankruptcy In The United States
Data firm Cambridge Analytica has filed for Chapter 7 bankruptcy in the United States. Analytica and its British parent SCL Elections Ltd says the filing is due to a sharp drop in business. The political consultancy was at the center of Facebook’s recent privacy and data mining scandal. Allegations say it improperly used data of 87 million Facebook users beginning in 2014.

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